Accenture Plc (ACN) Shares Bought by Waters Parkerson & CO. LLC
Waters Parkerson & CO. LLC boosted its holdings in Accenture Plc (NYSE:ACN) by 0.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 243,409 shares of the information technology services provider’s stock after buying an additional 93 shares during the period. Accenture Plc accounts for approximately 2.8% of Waters Parkerson & CO. LLC’s holdings, making the stock its 9th biggest position. Waters Parkerson & CO. LLC’s holdings in Accenture Plc were worth $30,105,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in Accenture Plc in the 2nd quarter worth $533,000. TCI Wealth Advisors Inc. increased its stake in Accenture Plc by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after buying an additional 162 shares in the last quarter. Bellwether Investment Group LLC increased its stake in Accenture Plc by 64.2% in the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after buying an additional 359 shares in the last quarter. Manchester Capital Management LLC increased its stake in Accenture Plc by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after buying an additional 60 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in Accenture Plc in the 1st quarter worth $122,000. Institutional investors and hedge funds own 77.69% of the company’s stock.
In other Accenture Plc news, insider Daniel T. London sold 637 shares of the business’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $136.03, for a total value of $86,651.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Pierre Nanterme sold 38,589 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the completion of the transaction, the chief executive officer now owns 179,083 shares in the company, valued at $24,181,577.49. The disclosure for this sale can be found here. Insiders sold a total of 62,136 shares of company stock worth $8,319,660 over the last quarter. 0.21% of the stock is currently owned by company insiders.
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Shares of Accenture Plc (NYSE:ACN) opened at 139.49 on Friday. The firm has a 50-day moving average of $136.17 and a 200 day moving average of $127.33. The company has a market cap of $86.14 billion, a P/E ratio of 25.63 and a beta of 1.08. Accenture Plc has a 52 week low of $112.31 and a 52 week high of $140.00.
Accenture Plc (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture Plc had a net margin of 10.20% and a return on equity of 43.70%. Accenture Plc’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 EPS. Equities analysts expect that Accenture Plc will post $6.56 EPS for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be issued a $1.33 dividend. The ex-dividend date is Wednesday, October 18th. This represents a yield of 1.97%. Accenture Plc’s payout ratio is 48.90%.
A number of equities research analysts have issued reports on ACN shares. Berenberg Bank set a $140.00 price target on Accenture Plc and gave the stock a “buy” rating in a research note on Saturday, June 24th. Cowen and Company increased their price objective on shares of Accenture Plc from $131.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, June 28th. BidaskClub downgraded shares of Accenture Plc from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of Accenture Plc from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Monday, August 28th. Finally, Stifel Nicolaus increased their price objective on shares of Accenture Plc from $138.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $141.84.
Accenture Plc Profile
Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
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